Ubisense warns on contract delays

Cambridge-based, ‘real-time locations solutions’ company, Ubisense, is suffering like so many others as contract signings ‘move to the right’. After posting very acceptable growth – though iffy margins – at its FY results earlier this year (see Ubisense picking up pace), a slowdown in orders in North America will pull down revenues and profit for the year, though management still expects earnings to meet the lower end of market expectations. This seems to hinge on the delayed orders getting signed off in H2, so let’s hope these expectations are not dashed.